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Needles Accounting Resource Center Principles of Accounting , 2002 Edition Belverd E. Needles, Jr., DePaul University Marian Powers, Northwestern University Susan Crosson, Santa Fe Community College Internet Research Activities Chapter 10: Inventories Inventory Valuation Instructions: Visit the five annual reports listed below, or choose others from the Annual Reports list included at this site. Find the sections labeled "Notes to Financial Statements" and write a short description of the business and any information pertaining to inventory. Include the type of inventory system the company uses. Five Annual Reports: IBM (12/31/2000) Intel (12/30/2000) Eastman Kodak (12/31/2000) National Semiconductor (5/28/2000) Toys "R" Us (1/29/2000) Sample Notes to Financial Statements Section of an Annual Report: (Click here to see the Sun Microsystems Notes to Financial Statements sheet online) Research Activity Use this site's Web Resources to search for an article about the effects of inventory costing on financial statements or taxes. Write a summary of the article and bring it to class for discussion. Either print out your answers for submission or email them to your instructor.   Site Map I Partners I Press Releases I Company Home I Contact Us Copyright Houghton Mifflin Company. All Rights Reserved. Terms and Conditions of Use, Privacy Statement, and Trademark Information